Management stressed that their base, repeat business has increased & it's the cyclical high margin business that's at a low point due to lower economic confidence.
So yes, a good time to buy depending on how long it takes to turn confidence around.
Once interest rates start being cut later in the year IMO we'll see a recovery in business confidence picking up pace in early 2025 (H2 FY25)
Ann: H1 FY24 Results Investor Presentation, page-19
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Last
78.0¢ |
Change
0.005(0.65%) |
Mkt cap ! $81.48M | |||
| Open | High | Low | Value | Volume |
| 77.0¢ | 78.0¢ | 74.5¢ | $537.9K | 714.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4668 | 75.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 2499 | 1 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
75.5¢ |
Change
0.005 ( 3.82 %) |
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| Open | High | Low | Volume | ||
| 76.0¢ | 77.5¢ | 74.0¢ | 27499 | ||
| Last updated 14.58pm 30/05/2024 ? | |||||
| PPE (ASX) Chart |